
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: SATURDAY, March 24, 1990                   TAG: 9003242381
SECTION: BUSINESS                    PAGE: A5   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short

SHAREHOLDER RIGHTS PLAN ADOPTED

Directors of Tultex Corp. have adopted a shareholder rights plan designed to protect shareholders from "abusive" takeover tactics and from attempts to buy the company at an "inadequate price." The board action followed shareholder approval of a new class of preferred stock and elimination of a pre-emptive rights plan for stockholders.

H.R. Hunnicutt, chairman, said the plan was not adopted in response to any threat to control the company. He said Tultex is not aware of any such effort. - Staff report

by CNB